Mortgage Rates Rise Modestly From 2017 Lows

Mortgage rates rose modestly today after spending 2 days at the best levels in nearly 8 months. Financial markets were tuned in to several key events with the power to cause volatility for rates today. Of these, the Senate testimony of former FBI Director Comey probably had the biggest spotlight. Rates were already coming under […]

Mortgage Rates Rise Gently From 7-Month Lows

Financial markets are still reeling from political headlines that first began circulating on Tuesday afternoon. While stock markets made a reasonable attempt to retrace yesterday’s big move lower, bond markets weren’t as interested. Fortunately, that means mortgage rates moved modestly higher , leaving them fairly close to yesterday’s 7-month lows. On Tuesday morning, well-priced lenders […]

Mortgage Rates Up Modestly From 5-Month Lows

Mortgage rates moved higher today as global financial markets shifted ahead of this weekend’s election in France. One of the candidates–Le Pen–is a populist whose victory is seen as potentially destabilizing the entire EU. Whether or not that’s actually the case remains to be seen, but for now, stocks and rates have generally moved higher […]

Mortgage Rates Unchanged With Help From Fed

Mortgage rates were noticeably higher to begin the day, but most lenders offered mid-day improvements after the release of the hotly-anticipated Fed Minutes (from the March 14-15 meeting). For those that don’t necessarily follow every little movement in the bond market, it’s ironic that tend to move down just after the Fed releases big news […]

Mortgage Rates Higher Despite Help From The Fed

Mortgage rates were higher to end the day, but not as high as they might have been without the Fed Statement. The day began with a series of strong economic reports. The ADP Employment Report was much stronger than expected, as was the employment component of the ISM Manufacturing report. Investors connect those dots to […]

HUD Awards $500 Million to Help Louisiana, Texas and West Virginia to Recover from Historic Flooding

WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Julián Castro today awarded a total of $ 500 million to help Louisiana, Texas and West Virginia to recover after severe flooding events that occurred earlier this year…. HUD Press Releases

Mortgage Rates Battle Back From Recent Highs

Mortgage Rates were briefly at their highest levels in several weeks on Friday afternoon. This followed comments from the Fed’s Jackson Hole symposium. Markets interpreted those comments as the Fed being more likely to hike rates in 2016–possibly even twice! While mortgage rates are based on MBS (mortgage-backed-securities), as opposed to the Fed Funds Rate […]

HUD Awards More Than $52 Million to Protect Children and Families from Dangerous Lead and Other Home Hazards

WASHINGTON – To protect children and families from the hazards of lead-based paint and from other home health and safety hazards, The U.S. Department of Housing and Urban Development (HUD) today awarded more than $ 52.6 million in Lead Based Paint Hazard Control grants to 23 local and state government agencies…. HUD Press Releases

Mortgage Rates Continue Rising From 3-Year Lows

Mortgage rates moved higher again today, rising to the highest levels since last Thursday. That fact is contrary to the most of the mortgage-rate-related headlines out today, so what gives?! The discrepancy is simple and not uncommon on Thursdays. That’s when Freddie Mac releases its weekly mortgage rate survey. That data is subsequently gobbled up […]

Mortgage Rates Rise Gently From Long Term Lows

Mortgage rates pulled up just slightly today after spending the past few days near 3-year lows. The weakness in rates is in line with our discussion yesterday regarding the fact that bond markets were already suggesting a small move higher, but that quite a few lenders held-off adjusting rate sheets in the middle of the […]